52.
Match the following.
List-I (Responsibilities of Different Sections of Society Towards Business) List-II (Features)
a. Responsibility of owners 1. Correct vision and mission
b. Responsibility of investors 2. Cooperation to the business
c. Responsibility of employees 3. Effectiveness at work
d. Responsibility of professional Institutions 4. Right education and guidance

54.
Managers today are usually quite sensitive to issues of social responsibility and ethical behaviour because of . . . . . . . .

55.
Match the items of List-I with those of List-II and choose the correct combination.
List-I List-II
a. Ethical model 1. Corporate responsibilities limited to private owners
b. Statist model 2. Voluntary commitment by companies to public welfare
c. Liberal model 3. State ownership and legal requirements determine corporate responsibilities
d. Stakeholder model 4. Companies respond to the need of the customers, communities etc

56.
Match the following
List-I (Important ethical principles) List-II (Example)
a. Do not deceive or cheat the customers by selling substandard or defective products by under measurement or any other means. 1. Publishing false information about competitors, bribing the retailers etc.
b. Do not report to hoarding, black marketing or profiteering. 2. Textile merchants in general clear the defective stock under the guise of discounts.
c. Treasure sincerity and accuracy in advertising, labelling and packaging. 3. Management of theatres sell the tickets for higher prices during the initial days of release of a film started by a crazy hero and heroine.
d. Do not furnish the image of competitors by unfair practices. 4. Ads of automobiles in general provide false details in every aspect.

58.
Corporate social responsibility that extends beyond legal mandates can help meet societal expectations in the absence of

59.
Which statement is true?

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